Mathematical Models and Computer Simulations

, Volume 1, Issue 1, pp 105–112 | Cite as

Reaching the turnpike path of balanced growth in the model of a closed decentralized economy

  • A. P. Abramov


Two schemes are considered for a multisector economy to reach a balanced growth in the absence of central planning. The first scheme is based on sales of goods, the second on expected profit maximization. For the financial component, implies dependence of prices on sales. Both schemes allow the economic system to asymptotically reach the turnpike of balanced growth.


Economic System Balance Growth Mathematical Economic Target Price Base Price 
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Copyright information

© Pleiades Publishing, Ltd. 2009

Authors and Affiliations

  • A. P. Abramov
    • 1
  1. 1.Dorodnitsyn Computing CenterRussian Academy of SciencesMoscowRussia

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